A few years before the blockchain technology just started to develop, it was suggested that the Web 3.0 era would be centered on blockchain technology. And Web 3.0 would represent the integration of the Internet and public life, and would become a new stage of Internet development. The cryptocurrency industry, on the other hand, has placed higher expectations on Web 3.0.
In the traditional Internet perspective, from the initial website unilaterally output information to the user to the later network and human interaction, the development of the Internet is gradually progressing in the direction of more democratic and user-oriented. In the Web 3.0 era, people will become the main controllers of the Internet, and everyone will have the right to participate, not to output or interact passively with the centralized power behind the network. And this also means that users need to provide a lot of their information to the AI in order to improve all aspects of the AI's services, better human-centered and make personalized recommendation services.
Is this the only true concept of Web 3.0? No.
In the cryptocurrency industry, which is at the forefront of Internet technology, the traditional Web 3.0 concept faces many loopholes and problems. For example, user's data privacy leakage, rights, identity, etc. are all pain points of traditional Web 3.0. In the encryption industry, Web 3.0 is a new paradigm that can truly subvert the monopolistic scene of today's Internet giants and protect the rights of every Internet user.
Thanks to the distributed storage, decentralization, information encryption, and data entitlement pass-through of blockchain technology, Web 3.0 is based on decentralized operation and successfully solves the hidden problem of client-to-data structure. The blockchain technology based on the pass-through of data rights and interests also makes the privacy of user data well protected. In addition, each node in the Web 3.0 network, all together record all the events, user interactions of the previous development, and based on this, a consensus protocol is designed, which can provide reference for users anytime and anywhere.
Most importantly, blockchain technology provides a common state layer for Web 3.0 to manage a set of unique states across the network. Based on the universal state layer, value settlement and transfer can be carried out very easily. The core of economic development and modern finance is to realize simple and efficient value transfer, and Web 3.0 will also create a greater development space for financial services.